2016 Grant Awards Overview
On June 22, 2016, the City of Sacramento opened the application process for the inaugural Rapid Acceleration, Innovation, and Leadership in Sacramento (RAILS) Grant Program. The program offers up to $1 million annually for the following types of grants:
- Acceleration Grants ($50k to $250k): for accelerator and incubator programs supporting Sacramento startups through mentorship, networking, and education to raise capital, grow their business, and create new jobs.
- Innovation Grants ($20k to $100k): for tech companies and organizations making it easier to work with and in Sacramento; or for local organizations bringing together the innovation community in Sacramento.
- Leadership Grants ($10k to $50k): for educational programs training our next entrepreneurs in technology and business to build Sacramento-based startups.
The City received 143 applications totaling nearly $18 million in funding requests. Of the 106 eligible applications, highlights include:
30 Acceleration Applications
- $4 million in requests
- $168k average request
48 Innovation Applications
- $2 million in requests
- $76k average request
28 Leadership Applications
- $1 million in requests
- $40k average request